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Blue Cross Reaches Possible Settlement in Anti-Trust Litigation

https://www.alnd.uscourts.gov/blue-crossblue-shield-mdl-2406

nytimes/2020/09/24/health/blue-cross-settlement-antitrust-html/

The settlement, which was first reported by The Wall Street Journal, would need to be agreed to by each of the three dozen Blue Cross insurers that make up the trade group, the Blue Cross Blue Shield Association. Judge R. David Proctor of the U.S. District Court for the Northern District of Alabama, who is overseeing the case in that state, also still needs to approve the proposed settlement.

Under the proposed terms, the Blue Cross plans, which operate independently, would no longer have to adhere to some of the rules established by the association that the plaintiffs said prevent the companies from engaging in head-to-head competition.

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